The project, based on William Wellman’s 1937 film starring Janet Gaynor and Fredric March, centers on a fading movie star who helps a young aspiring actress while his own career spirals downward.
Cooper will produce through his 22 Green banner along with Jon Peters, Billy Gerber and Basil Iwanyk.
Clint Eastwood, who directed Cooper in “American Sniper,” became attached to direct “A Star Is Born” in 2011 with Beyonce Knowles set to star. She later fell out of the project after becoming pregnant while Eastwood put it aside for “Jersey Boys.”
It’s unclear if Cooper will star in the film or if Knowles will rejoin the project. Will Smith, Tom Cruise, Leonardo DiCaprio and Christian Bale have all been mentioned at various points for the movie star role. The latest script was written by Will Fetters with Cooper expected to revise.
“A Star Is Born” was remade in 1954 by George Cukor with Judy Garland and James Mason and again in 1976 by Frank Pierson with Kris Kristofferson and Barbra Streisand.
Should the deal go through, “A Star Is Born” would mark Cooper’s directing debut. He will be seen next in Cameron Crowe’s romantic comedy “Aloha” opposite Emma Stone and Rachel McAdams.
Knowles’ movie credits include “Austin Powers in Goldmember,” “Dreamgirls” and “Obsessed.”
Cooper is repped by CAA.
The news was first reported by Deadline.com.